Missouri credit unions have felt the negative impact of massive retailer data breaches in the past 12 months—most recently the nationwide Target Corporation data breach during the 2013 holiday shopping season. The Missouri Credit Union Association (MCUA) and the Credit Union National Association (CUNA) urge credit unions in Missouri to participate in a brief survey about the effects and costs of the Target data breach.
The survey results will provide the information needed for CUNA and MCUA to communicate with legislators, regulators, the media and others about the impact of this data breach and need for action to change the system.
“MCUA has been in constant contact with federal legislators regarding the Target breach and how data breaches are negatively impacting credit unions and members,” says Amy McLard, MCUA SVP of Advocacy. “We informed lawmakers about the survey, and full credit union participation in Missouri will help clearly illustrate the severity of the breach in our state.”
When completing the survey, credit unions are encouraged to include a charter number so CUNA can incorporate information from 5300 Call Reports and also identify credit unions from their respective states to provide the overall state impact with Missouri’s federal lawmakers.
A notice about the nationwide effort was sent to all credit unions on January 3. Click here to access the survey.
Note: Please be prepared to provide reasonable estimates of any costs associated with the breach.
For questions about the survey form, please email CUNA's Meg Jelak, or call 800-356-9655, ext. 4172.
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